Skipton to cut rates on Help to Buy range

Skipton Building Society is cutting rates by up to 0.20% on selected Help to Buy products.

Skipton’s Help to Buy purchase range includes a fee free 2-year fixed rate at 2.31% to 70% LTV with free upfront valuation and £500 cashback. Five year fixes are available at 2.39% to 60% LTV with £995 fee and free valuation, and fee free 2.75% to 60% LTV and 2.89% to 70% LTV with free valuation and £500 cashback.

Skipton is also introducing two new Help to Buy remortgage 3-year fixes at 2.83% to 70% LTV and 2.85% to 75% LTV, both with free valuations and £500 cashback.

Kris Brewster, Skipton’s head of products, said: “We are delighted to offer lower rates on selected products in our Help to Buy range, and to introduce new 3 year remortgage products.

“We’re also pleased to continue to offer our 2 and 5-year New Build range, which offers great value for those wishing to purchase their new home.

“We believe our New Build Residential Products offer very attractive rates and will help first time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property. All new build applications to Skipton are given a priority underwrite within its specialist underwriting team.”

The society has also extended the end dates on all Help to Buy and New Build products to 31-January

In addition to the above product changes, Skipton has replaced the current free legal incentive on Help to Buy remortgage products with £500 cash-back.